Madhya Pradesh Aims to Nurture 10,000 Startups with Rs 100 Crore Seed Fund

Madhya Pradesh plans to double its startups to 10,000 in five years with a Rs 100 crore fund to boost enterprises. A new MSME policy will streamline business processes, focusing on manufacturing and services. The initiative highlights innovation and young entrepreneurship at the MP Global Investors Summit 2025.

Madhya Pradesh has embarked on an ambitious plan to double its number of startups to 10,000 within the next five years. This effort is bolstered by a newly launched Rs 100 crore seed capital fund aimed at fostering innovative enterprises and fresh ideas, according to the state's MSME Minister, Chaitanya Kumar Kashyap.

The new policy designed for MSMEs focuses on enhancing the ease of doing business and ensuring time-bound project approvals and delivery of state-offered incentives. Speaking at the Madhya Pradesh Global Investors Summit (MP GIS) 2025, Kashyap highlighted the policy's comprehensive nature, covering all stages from ideation to operationalization.

The initiative, which prioritizes startups in manufacturing and services, underscores the state’s commitment to nurturing young entrepreneurs. The MP GIS 2025, a two-day event, culminates today, signaling a promising future for the state's entrepreneurial landscape.